FOR SALE COLLINGWOOD MIXED-USE RENTAL DEVELOPMENT SITE $167/SF buildable 3070 Kingsway, Vancouver Plans in place—zoning enactment May 2019 KINGSWAY RUPERT ST JOYCE- COLLINGWOOD Approved 42-unit six-storey development JOYCE ST Mark Goodman Cynthia Jagger Goodman Commercial Inc. Greater Vancouver’s authority on selling Personal Real Estate Corporation Personal Real Estate Corporation 560–2608 Granville St apartment buildings and development sites Direct 604 714 4790 Direct 604 912 9018 Vancouver, BC V6H 3V3 www.goodmanreport.com [email protected] [email protected] 11X17 Public VanMap MIXED-USE MULTI-FAMILY RENTAL DEVELOPMENT SITE Site Plan Address 3070 Kingsway, Vancouver PIDs 011-986-565, 011-986-549 KINGSWAY Legal Lot 1 & 2, Except Part In Reference Plan 2424, Block 16 District Lot 37 Plan 3952 Zoning CD-1 (Comprehensive Development) RUPERT ST enactment set for May 28, 2019 Lot size 10,676 SF Development Six-storey mixed-use building with 41 KERR ST potential rental suites with at grade commercial 10,676 SF SCHOOL AVE PROPOSED SUITE MIX *2019 Type Units Avg. size (SF) Avg. rent ($) Studio 12 466 SF $1,688 OPPORTUNITY 1 bedroom 15 512 SF $1,964 Rare opportunity to acquire a C-2 zoned lot improved with an Rezoning application 2 bedroom 10 743 SF $2,581 existing one-storey commercial building in Vancouver’s 2017 Submitted Nov, 2017 2 bedroom TH 1 822 SF $2,581 Collingwood neighbourhood. Rezoning has been approved 2018 Community open house Feb 5, 2018 3 bedroom TH 3 1,292 SF $3,400 to CD-1 for a six-storey mixed-use building with a three-storey Urban Design Panel Feb 21, 2018 townhouse development at the lane. Commercial** 1 3,090 SF $6,953 Urban Design Panel March 21, 2018 Total 42 28,485 SF Redevelopment highlights: Available reports: Rezoning approvals * from housing agreement • 41 affordable market rental units • Environmental & ** can be demised Geotechnical Reports Public Hearing on July 31, 2018 • Commercial use at grade 2019 Zoning Bylaw Enactment by May 2019 Parking 24 underground parking • FSR of 3.14 • Architectural plans • Report to Council Storeys 6 • Buildable area of 34,068 SF Development permit approvals • Underpinning and Buildable area 34,068 SF (3.14 FSR) • Net rentable area 28,485 SF DP submission by July 2019 crane swing agreements • Max building height of 60’ DP “prior-to” letter by Nov 2019 • Cost to date summary Price $5,700,000 • 24 parking spaces 2020 DP issued by Jan 2020 Price/SF (land) $534/SF Building permit approvals Price/SF (buildable) $167/SF Building permit submission by Dec 2019 Building permit issued by Apr 2020 This communication is not intended to cause or induce breach of an existing listing agreement. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, Anticipated construction date we do not guarantee it. It is your responsibility to confirm its accuracy and Apr 2020 completeness independently. 3070 KINGSWAY, VANCOUVER LOCATION ARCHITECTURAL DRAWING The site is located in East Vancouver’s Collingwood neighbourhood on the south side of Kingsway between Rupert and Kerr Street, just north of E. 41st Avenue. There is direct bus access on Kingsway and the Joyce-Collingwood Skytrain Station is only a 13 minute walk away ensuring easy transportation to Downtown and Metrotown. Collingwood Park is a 6 minute walk, and two blocks to the east along Joyce Street are numerous amenities such as London drugs, Safeway and many cafes and restaurants. There will be a new rapid-service B-Line bus route launching in 2019 to service this area, as part of Phase One of the Mayors’ Council 10-Year Vision. NEIGHBOURHOOD The vibrant Joyce-Collingwood neighbourhood boasts a highly accessible and central location for both transit and vehicle oriented residents alike. Bordered by Boundary Road to the East, Kingsway to the South, and steps from the fourth busiest SkyTrain station (outside of downtown), Joyce-Collingwood Station, residents can ride or drive to Metropolis at Metrotown, B.C.I.T., or Waterfront in under 15 minutes. Since the adoption of a new Official Community Plan in June 2016, the neighbourhood has begun to see an influx of investment and development activity. Most notably, Westbank received approval for a 30-storey tower at 5050 Joyce Street in December 2016. With an abundance of public amenities such as parks, community centres and child care facilities, the neighbourhood is fast becoming one of the most desirable transit oriented communities in the City of Vancouver. Joyce-Collingwood Skytrain Station Vancouver Public Library Collingwood Park RECENT AND UPCOMING DEVELOPMENTS IN THE NEARBY AREA JOYCE BLUESKY METROTOWN THE WINDSOR WALL CENTRE CENTRAL PARK ACORN by Westbank By BlueSky Properties By Imani Development Corp By Wall Centre Financial By Citrine Homes 256-suite high-rise 299 suites + 66 rental units 12-storey concrete tower 332 suites completed in 2017 30-suite wood-frame condo DOWNTOWN VANCOUVER MILLENNIUM SKYTRAIN 17 06 13 JOYCE-COLLINGWOOD 12 01 SKYTRAIN 07 02 Future B-Line 11 VICTORIA DR 09 15 05 03 16 14 BOUNDARY ROAD SUBJECT 08 04 KINGSWAY EXPO LINE SKYTRAIN 10 SHOPPING & RESTAURANTS EDUCATION & COMMUNITY PARKS CENTRAL PARK METROTOWN 01 Kensington Gardens, Dollarama, 06 John Norquay Elementary 11 Earles Park Shoppers Drug Mart, RBC 07 George T. Cunningham Elementary 12 Slocan Park 02 Purdy’s Chocolatier 08 Dr. George M. Weir Elementary 13 Renfrew Ravine Park 03 Domino’s, 7-11, London Drugs, School, Killarney Secondary School, 14 Gaston Park Vancity, BMO, CIBC, RBC Killarney Pool & Community Centre, 04 Safeway, Canada Post, Starbucks, BC Running Track, figure Skating Club 15 Collingwood Park Liquor Store, Panago Pizza 09 Vancouver Public Library 16 Killarney Park, Nanaimo Park 05 Subway, Freshslice Pizza 10 DR H N Maccorkindale Elementary 17 General Brock Park Mark Goodman Cynthia Jagger Goodman Commercial Inc. Greater Vancouver’s authority on selling Personal Real Estate Corporation Personal Real Estate Corporation 560–2608 Granville St apartment buildings and development sites Direct 604 714 4790 Direct 604 912 9018 Vancouver, BC V6H 3V3 www.goodmanreport.com [email protected] [email protected].